Texas Health Foundation Inc

Analysis

Texas Health Foundation Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Texas Health Foundation Inc reported income of $1.2m and spending of $1.8m, spending 147% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $390k to $1.2m (+219%), an average of +219% a year. The sharpest change came in the year to December 2022, when income rose by 219%. Over the whole period it spent 161% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Health Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Asian Healthcare Foundation Ofmassachusetts Inc ($1.2m), Center for Psychosocial Development Inc ($1.2m) and Clifton Springs Hospital & Clinic Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $222k (12% of expenses). Other salaries and wages came to $733k. At year end it held assets of $121k against liabilities of $1.1m, net assets of -$998k. It reported 31 employees.